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Shelby County, TN's GO Bonds Rated 'AA+/A-1+' Nov 00 Product Image

Shelby County, TN's GO Bonds Rated 'AA+/A-1+' Nov 00

  • ID: 2053216
  • November 2000
  • Standard & Poors

Abstract
NEW YORK (Standard & Poor's CreditWire) Nov. 28, 2000--Standard & Poor's today assigned its double-'A'-plus/ 'A-1'-plus rating to Shelby County, Tenn.'s $21.8 million GO weekly adjustable fixed-rate refunding bonds series 2001A. The bonds are scheduled to sell Dec. 1, 2000. Standard & Poor's also affirmed its double-'A'-plus rating on Shelby County's $833.4 million GO bonds. Shelby County's long-term GO rating is based upon the full faith and credit of the county and reflects: -- An expanding and diversified regional economic and employment base; -- Sound financial performance and position; and -- An aggressive, but manageable, capital program. The short-term rating on the bonds is based on a standby bond purchase agreement (SBPA) provided by Morgan Guaranty Trust Company (double-'A'/'A-1'-plus). The...

Companies mentioned in this report are: Shelby Cnty
Action: New Rating

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.

Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.

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